Page 163 - Essentials of Payroll: Management and Accounting

ESSENTIALS of Payr oll: Management and Accounting
Summary
The wage rules described in this chapter cover the majority of situa-
tions in which an employer will find itself.In cases where more detailed
explanation of the rules is required for specific industries or for scenarios

not described here, go to the IRS web site at www.irs.gov and download
its Publication 15-B, Employer’s Tax Guide to Fringe Benefits.As its name
implies, this publication covers a wide range of fringe benefit exclusion
rules, ranging from accident and health benefits to working condition
benefits. It also addresses fringe benefit valuation rules and rules for
withholding, depositing, and reporting taxes.

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